Is The AUD/USD The Next Reserve Currency? Australia and America Tipped To Share Reserve.

It is bad enough that America is trying to cut in on our profits in the wealthy Asia Pacific. Now there is talk of us sharing the Reserve Currency
with them. It is time for us to face facts. The United States is getting desperate. They have lost their grip on the world. If Australia decided to
back another currency we could hurt the USD big time. America has no power over any of us now. They are beggers. We should not be treating them like a
superpower. The United States needs to stand down and discuss giving up the Reserve with China and Russia. It is only fair. America is ripping us all
off. They have no right to maintain the Reserve Status. The US Government is not only incompetent but audacious. The US Government continues to
overspend. China warned them that the good old days of them borrowing their way out of trouble were over yet they continue to add to their debt. They
are out of control. On top of the overspending, US congress will not pass anything and the government has no solutions anyway. America is doomed. I am
not in favour of Australia sharing the Reserve with them. America are freeloaders. All America are is a military and consumers spending a bloated USD.
No value comes from America. Australia should share the Reserve with China if anyone.

For generations the U.S. dollar has enjoyed the unique status as the world’s reserve currency. Simply because of its massive economy, it was
once the measuring stick for all other nations. However since 2008, when the global economy was turned upside down, there have been some doubts as to
whether the U.S. can sustain its number one ranking in the currency market.

Investors Paying Attention to Commodity Currencies With this major ax looming over the U.S. dollar, many investors are looking for ways to
diversify and three currencies, The Australian dollar, New Zealand dollar and Canadian dollar are attracting a lot of attention. The one thing that
these currencies have in common is that they are driven by commodity prices. Economists often refer to the Aussie, kiwi and loonie as commodity
currencies because their economics are driving by mining, agriculture and oil. All three of these charts have made similar gains in since 2009, which
also corresponds with strong gains in oil and gold

Aussie Dollar Leading the Pack In 2009 NZD/USD was hovering around $0.50 and is now trading around $0.78. During the same time AUD/USD rallied
from around $0.62 and is currently trading around $1.00. The Canadian dollar has also been flirting with parity as USD/CAD has dropped from a high of
$1.30 and is now hovering around 1.02.

Although gold has dropped from its highs of around $1,900 an ounce, the price is holding on to good support around $1,500, which is a key
long-term support area. If this area holds, the Aussie could continue to outperform other currencies in the medium term.

The USD is doomed. The BRICS and friends are going about unseating the USD this very second. There is no hope for the USD. The only sensible thing
left is for the United States to face reality and discuss standing down. I agree with Putin. America is shifting the responsibility to other
countries. They are ripping us all off.

In a speech Monday, Mr. Putin said Russia and other countries should seek new reserve currencies to hedge against “a systemic malfunction” in
the U.S. Both Russia and China in the past have questioned the dollar’s pre-eminence as a reserve currency and its role in international trade and
investment.

“The country is living in debt,” Mr. Putin told a pro-Kremlin youth rally in central Russia. “It is not living within its means, shifting the
weight of responsibility on other countries and in a way acting as a parasite.”

www.disinfo.com...
Putin calls the US a parasite. That is exactly what they are. Imagine what happens to the US if we take the Reserve Status away from them. They would
actually have to start managing their economy and being responsible like the rest of us for one thing.

Australia should join the BRICS and help them destroy the USD. We would make a huge impact. If the United States will not stand down and give up the
Reserve it will be unseated anyway. It is time to face facts. The USD is doomed as reserve. I dont want them leeching off Australia for any longer.

Sick of all this Yankee bashing, dont get me wrong I like to have a crack at the Yanks as much as anyone but this is crap.
I respect the people of the USA, not your government but the people.
Never met a real bad American yet, not one and I have met a few
I am an Aussie and I am sick of all these ##snip## carrying on like what is written above.

Originally posted by borntowatch
Sick of all this Yankee bashing, dont get me wrong I like to have a crack at the Yanks as much as anyone but this is crap.
I respect the people of the USA, not your government but the people.
Never met a real bad American yet, not one and I have met a few
I am an Aussie and I am sick of all these ##snip## carrying on like what is written above.

You just do not understand. If you disagree with anything on topic let me know. I will try to explain.

If you are just being a troll,then move along.

What does this have to do with Americans btw?

I am sick of trolls. Very. Especially when they obviously do not understand.

Originally posted by borntowatch
Sick of all this Yankee bashing, dont get me wrong I like to have a crack at the Yanks as much as anyone but this is crap.
I respect the people of the USA, not your government but the people.
Never met a real bad American yet, not one and I have met a few
I am an Aussie and I am sick of all these r**ards carrying on like what is written above.

Totally agree with you. And I also want to say that all these threads like "Australia could fare well if USA loses in WW3 to China" and "Aussies are
great threads" and "Australia Economy outperforms and should do this rubbish like the OP of this thread just said" and "Aussies should embrace
Communist China more "We Heart You China""!

Blow it out your buttox. Never heard so much up ourselves rubbish in my life. It's all total crap if you ask me.

EDIT: Oh hang on Germanicus the OP did create that thread... Future Is Bright For Australians If United States Loses WW3www.abovetopsecret.com...

edit on 18-6-2012 by
DaRAGE because: (no reason given)

And there is no reason Australia would join the BRICS nations AND/OR become a reserve currency. It's utter rubbish.

Originally posted by Bixxi3
oh man germanicus i think your name now is synonymous with troll here at ats
Why would the AUD be a reserve? there are much better choices

Ask the link.

And I am not a troll just because I have an unpopular opinion. I pretty much only post in my own threads. Not a troll at all. The topic is that we
should not help the United States maintain the Reserve Status because they cany run their economy and because the USD is doomed anyway. How is that
trolling? I would really like to know.

And the AUD is a great choice. Our economy actually has value. We are seen as a rare 'safe haven'. Look at other western nations. You do not know what
you are talking about as usual. It has nothing to do with the size of our economy it is the strength of it.

And the article is obvioucly reaching for solutions to the fact that the USD will be unseated. The BRICS will decide what it will be. It will have
nothing to do with America.

So how am I a troll again? Seems I post and people like you make personal attacks and insult me and try to destroy my thread. That is pretty
clear.

Originally posted by Germanicus
And the AUD is a great choice. Our economy actually has value. We are seen as a rare 'safe haven'. Look at other western nations. You do not know
what you are talking about as usual. It has nothing to do with the size of our economy it is the strength of it.

The only reason that our economy has any sort of value at the moment is the mining boom. Take that away and our economy is going through rather tough
times at the moment.

And that boom is the only reason we are a "safe haven". But even that safe haven status will disappear shortly along with many jobs because of a
stupidly large and unnecessary carbon tax.

Originally posted by borntowatch
Sick of all this Yankee bashing, dont get me wrong I like to have a crack at the Yanks as much as anyone but this is crap.
I respect the people of the USA, not your government but the people.
Never met a real bad American yet, not one and I have met a few
I am an Aussie and I am sick of all these r**ards carrying on like what is written above.

Totally agree with you. And I also want to say that all these threads like "Australia could fare well if USA loses in WW3 to China" and "Aussies
are great threads" and "Australia Economy outperforms and should do this rubbish like the OP of this thread just said" and "Aussies should embrace
Communist China more "We Heart You China""!

Blow it out your buttox. Never heard so much up ourselves rubbish in my life. It's all total crap if you ask me.

EDIT: Oh hang on Germanicus the OP did create that thread... Future Is Bright For Australians If United States Loses WW3www.abovetopsecret.com...

edit on 18-6-2012 by
DaRAGE because: (no reason given)

And there is no reason Australia would join the BRICS nations AND/OR become a reserve currency. It's utter rubbish.

edit on 18-6-2012 by
DaRAGE because: (no reason given)

Why are they rubbish. Link something. Give an opinion. Something that looks like an argument even.

The USD is doomed. It is a fact.

The US does nothing for Australia. China is very important to us so it is in our best interest for their economy to remain strong. So yes,it would be
good for Australia if China wins WW3. It would also be good if America would do the right thing and stand down and stop ripping us all off.

Why should America keep the reserve again? Please tell me. China and Russia and friends are correct. The United States does not deserve to keep it any
longer. Its nothing personal. Your government is a loser. Now you know how the Greeks feel hey?

Dont believe the tripe the government says, the only part of the economy that is moving is mining.
That is only because of pure dumb luck and greed, greed as in deals done by Execs in Oz, to make the quick profit.

Australia is still a slave to its customers.... Only a few years ago, the LPG companies did a 15 year deal to sell LPG to Japan......guess what the
price was locked it for..... 1 cent per litre!!!! For 15 YEARS !!!!!!!
Yes thats the "Good" ozzy business man.

If the Asians didnt get cheap raw materials from the big mine that is Australia, they would buy it from South America or Africa...which they will once
they get their claws in...and Australia will be left for dead.
We have already exported most of our jobs, we dont even process much of our raw materials, we only have one oil refinery and thats going to close,
because we import our Petrol (gas) from Singapore!!!!!!.

We are up the creek, and we are loosing hold of the paddle.
This new carbon tax will finish Australia.......
Any room in the US for a good Ol, gun totin, rootin shootin white boy who loves his V8s...but cant afford to drive them here because fuel is $6.00+
per gallon and registration is $800.00 per year.

Originally posted by Germanicus
And the AUD is a great choice. Our economy actually has value. We are seen as a rare 'safe haven'. Look at other western nations. You do not know
what you are talking about as usual. It has nothing to do with the size of our economy it is the strength of it.

The only reason that our economy has any sort of value at the moment is the mining boom. Take that away and our economy is going through rather tough
times at the moment.

And that boom is the only reason we are a "safe haven". But even that safe haven status will disappear shortly along with many jobs because of a
stupidly large and unnecessary carbon tax.

We are the number one ranked OECD nation. If China remains on top, we will continue to benifit. China will be the superpower when america gives up the
reserve or it is unseated.

What does america do for us? Please tell me. Just a couple of things.

China is our future. We have more resources than anyone. We have uranium. We have everything. If China is superpower, we will be fine. If we stick
with America, we are doomed.

America is the reason we have the Carbon Tax btw

I do not know why an Australian wouls want to lick american boots and work for them. Do you
understand what having the reserve allows them to do? Its bs. We will end up having a dollar that is worth 60 cents compared with the USD and be on
the wrong side of the world still if America keeps running things. Look at their national debt for god sake. And they keep spending. Why would you
want to be a slave to them. They need to stand down. Its not anti-american. It was not anti-australian that Americans didnt care when our dollar was
worth only 60 cent US. America have no right to the reserve. They are ripping you off.

I don't think Australia should have reserve currency, it will just give us big heads and little morals as it is a disease called control. No one
should. We should all be free to trade in whatever currency we want, want to barter chickens, wheat or some skills, fine why use money at all? Money
is about trust and equal exchange, but what is equal about getting your house blown up so someone can save 40 cents a litre on gas? There is no equal
perspective on money. There is no trust when people are fighting for their egos and hidden agendas. There is just people looking out for
themselves.

I worry about this world, worry that too much power and not enough brains makes a bad combination.

Dont believe the tripe the government says, the only part of the economy that is moving is mining.
That is only because of pure dumb luck and greed, greed as in deals done by Execs in Oz, to make the quick profit.

Australia is still a slave to its customers.... Only a few years ago, the LPG companies did a 15 year deal to sell LPG to Japan......guess what the
price was locked it for..... 1 cent per litre!!!! For 15 YEARS !!!!!!!
Yes thats the "Good" ozzy business man.

If the Asians didnt get cheap raw materials from the big mine that is Australia, they would buy it from South America or Africa...which they will once
they get their claws in...and Australia will be left for dead.
We have already exported most of our jobs, we dont even process much of our raw materials, we only have one oil refinery and thats going to close,
because we import our Petrol (gas) from Singapore!!!!!!.

We are up the creek, and we are loosing hold of the paddle.
This new carbon tax will finish Australia.......
Any room in the US for a good Ol, gun totin, rootin shootin white boy who loves his V8s...but cant afford to drive them here because fuel is $6.00+
per gallon and registration is $800.00 per year.

Isa comin over......

You sound like you never had the plot.

The point of the thread is not Australia having the Reserve. We are a strong economy because we are located near rising China. Guess what? It is in
our best interest for them to continue to rise. It is very simple. Not hard at all.

The US has no right to the Reserve is the point. They are getting desperate.

Originally posted by Germanicus
Why are they rubbish. Link something. Give an opinion. Something that looks like an argument even.

The USD is doomed. It is a fact.

The US does nothing for Australia. China is very important to us so it is in our best interest for their economy to remain strong. So yes,it would be
good for Australia if China wins WW3. It would also be good if America would do the right thing and stand down and stop ripping us all off.

Why should America keep the reserve again? Please tell me. China and Russia and friends are correct. The United States does not deserve to keep it any
longer. Its nothing personal. Your government is a loser. Now you know how the Greeks feel hey?

The fact that there is a reserve currency in the world is beyond stupid. Transactions should be traded in currencies of people's own choosing as they
have a right to and are exercising that right. What exactly makes that currency a reserve currency? Because people use it. They used it in the past
because it was a stable, high value currency. Thus being a stable, high value currency, it was used many places; thus becoming a "reserve
currency".

What makes your think that the AUD is stupidly strong to become a reserve currency?

I know your other thread you support China victory in a WW3 scenario. Firstly I hope WW3 doesn;t happen. Secondly if WW3 does, you can expect to die
along with the rest of the planet especially if China somehow "wins" as if it is against the USA, Expect there to be M.A.D. And since Australia will
be on the side of the USA as we are ALLIES!!; expect China to invade Australia and hurt your family, friends, and loved ones.

Also having the USA as an Allie saves Australia $40 Billion a YEAR on defence spending. How is America ripping us off?

BTW my government is AUSTRALIA not USA.

And how are we a slave to the USA? You are joking right? And hey if the dollar goes down to AUD.60/1.00USD then we will export more wont we, with more
people getting hired in jobs, more investments into the industries, etc. There are negatives and benefits to both sides of the coin.

In your op, you called all americans bloated consumers. You only know of America what you see on tv. Come visit us before judging us. I spent an
entire summer between junee and hunters valley last year. If I wanted to I could make generalizations about ozzies but I'm better than that.

The fact that we have military bases protecting your country should be evidence that we are allies. Why try to make us enemies? We still have nukes
ya know

What makes your think that the AUD is stupidly strong to become a reserve currency?

That sentence makes no sense like the rest of what you say. But, I did not say that the AUD sharing the Reserve was realistic did I? The article did.
I said the opposite didnt I? I said America was getting desperate.

We are still a strong economy though we are a safe choice out of the Western nations. Notice the only ones the article mentions are allies of America?
It is capitalist. I want China and the BRICS to control the Reserve obviously. Your comprehension is poor.

And I do not care where you are from. What does that have to do with anything?

Not the Yuan The other reserve currency idea on many pundits’ lists is the Chinese yuan. No offense, but this is simply ridiculous, and
here’s why… The first important issue is liquidity. The Chinese yuan isn’t even convertible. The government forces Chinese exporters who
receive U.S. dollars to turn them over to the Central Bank. (This is how China built its $3 trillion in reserves). Citizens can’t take it out of the
country. It isn’t accepted as legal tender anywhere outside of China. The other problem with the yuan or Renminbi is that it’ll be a long, long
time before China allows its currency to float freely. China built its entire system on tightly controlling their currency’s value. If the currency
strengthened 10% against the U.S. dollar in six months, millions of exporters already on razor-thin margins would go bust. In addition, China’s
weaknesses as a global safe haven are glaringly obvious. Two examples should suffice: All of its strategic industries are firmly in state hands and
its judicial system is anything but independent. That shouldn’t instill much global confidence. Next, I can’t top how Fraser Howie, a managing
director at CLSA Asia-Pacific Markets, co-author of Red Capitalism: The Fragile Financial Foundation of China’s Extraordinary Rise, sums up
China’s financial shell games:

figured this article brought up some good points and seemed to translate it down so people(like me) who arent as
well versed in the market could make some small sense of it

In your op, you called all americans bloated consumers. You only know of America what you see on tv. Come visit us before judging us. I spent an
entire summer between junee and hunters valley last year. If I wanted to I could make generalizations about ozzies but I'm better than that.

The fact that we have military bases protecting your country should be evidence that we are allies. Why try to make us enemies? We still have nukes
ya know

Are you serious? That was the best you could do?

You are a joke. Do not cry to me bacause America is doomed. It is not my fault.

What I am saying by a bloated 'dollar is that the US dollar is overvalued. Take away the reserve and you will be lucky if America does not get
hyperinflation.

So no. I am not calling americans fat.

Anything else? No, because I am not anti-american am I? Nothing about the thread is anti-american. I am certainly not a bigot.

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